Kylie Jenner Reportedly In Talks To Re-Buy 51% Stake In ------

According to reports, Kardashian-Jenner family are in talks to repurchase the stock in the popular skin carebrands.

According to reports, Kylie Jenner has looked at buying back Coty's $600 million stake in her makeup line.

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Jenner has discussed informally in recent months trying to repurchase the 51% ownership in Kylie Cosmetics that Coty purchased for $600 million in 2020.

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Kim Kardashian, half-sister to Jenner, is also negotiating to purchase back the 20% ownership in her cosmetics business.

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The Wall Street Journal initially reported the story that Kardashian is attempting to repurchase her minority ownership in July.

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Soon after the Jenner acquisition, Laubies resigned, and Peter Harf, chairman of both Coty and its largest investor JAB Holding Company, assumed the CEO position.

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The combined investments totaled a $800 million wager that Coty could turn the family's enormous popularity into long-term success.

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Coty shares have increased 35% this year as a result of consistently exceeding Wall Street sales forecasts.

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Because Coty owns a controlling stake in Kylie Cosmetics, Jenner will have to raise significantly more money than Kardashian to repurchase her company.

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